# International Petroleum Corporation (IPCO.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Energy / Oil, Gas & Consumable Fuels. Price C$34.56, market value C$3.9 billion.

## Valuation
- **P/E (trailing): 132.9×** (5-yr avg 28.6×, 3-yr avg 42.9×). International Petroleum Corporation trades at 132.9× trailing earnings, well above its own five-year average of 28.6×: investors are paying up relative to the company's past. The Energy median in the September 2026 study was 16.8×. Forward P/E is 11.3×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 3.7×**. Each dollar of revenue is priced at 3.7×.
- **Price / book: 3.1×**. The shares trade at 3.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 14.5×**. Enterprise value is 14.5× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -3.7%** (5-yr avg 5.7%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 0.8%**. The inverse of the P/E: 0.8% of the price is earned each year.

## Profitability
- **Gross margin: 17.1%**. International Petroleum Corporation keeps 17.1% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 13.9%**. 13.9% of revenue is left after running the business.
- **Net margin: 3.7%**. 3.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 3.1%**. 3.1% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 4.5%**. Return on all capital, debt included, is 4.5%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 1.1%**. Each dollar of assets produces 1.1% of profit.

## Growth
- **Revenue growth (1 yr): -15.5%** (3-yr -11.9%/yr, 5-yr 17.8%/yr). Revenue fell 15.5% over the last year, against 17.8% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -67.9%** (3-yr -51.3%/yr). Earnings per share fell 67.9%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.53**. Debt is 0.53 times equity, moderate leverage.
- **Net debt / EBITDA: 2.1×**. It would take 2.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 2.3×**. Operating profit covers interest 2.3×, thin but manageable.
- **Current ratio: 0.81** (quick 0.69). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 3.40**. A Z-score of 3.40 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. International Petroleum Corporation does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (8 analysts). 8 analysts cover International Petroleum Corporation; the consensus is buy, with an average price target of C$40.32 (+17% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 40.9%** (YTD 39.2%, 3-mo -2.0%). The shares are up 40.9% over twelve months including dividends.
- **From 52-week high: -12.4%** (66.6% above the low). Trading 12% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 56**. An RSI of 56 is neutral.
- **Beta (1 yr): -0.01** (volatility 39%). Beta of -0.01 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=IPCO.TO · Page: https://foliofundamentals.com/stocks/ipco.to

Not investment advice.